A high-level delegation from Kazakhstan visited the UAE to discuss cooperation in financial markets, digital assets, and investment partnerships.
Strengthening Financial Cooperation
During the meeting with the Central Bank of the UAE, both sides exchanged views on macroeconomic conditions, financial flow management, and digital financial assets regulation. A significant outcome was the signing of a Memorandum of Understanding (MoU) to facilitate collaboration in financial market development, FinTech innovation, cybersecurity, and central bank digital currencies (CBDCs).
Advancing Stock Market and Blockchain Technologies
The UAE Securities and Commodities Authority (SCA) and Kazakh regulators discussed stock market cooperation, particularly the Kazakhstan Stock Exchange (KASE) and the Astana International Financial Centre (AIFC) leveraging the Tabadul digital exchange platform in the UAE. Additionally, discussions with the Virtual Assets Regulatory Authority (VARA) focused on the development of blockchain technologies and digital asset regulation. Meetings with Abu Dhabi Global Market (ADGM) and Dubai Financial Services Authority (DFSA) explored regulatory frameworks for financial centers and cross-border transactions.
Capital Markets and Investment Prospects
During the discussions with the Abu Dhabi Securities Exchange (ADX), both parties emphasized the importance of capital market infrastructure and improving trading liquidity. Kazakhstan’s delegation also engaged with Mubadala Investment Holding and First Abu Dhabi Bank (FAB) to explore expanding investment partnerships. Moreover, discussions with Boston Consulting Group (BCG) and Microsoft focused on developing AI-driven infrastructure in Kazakhstan’s financial sector.
The visit underscores Kazakhstan’s commitment to strengthening ties with the UAE in finance, FinTech, and investment. The agreements and discussions pave the way for greater regulatory alignment, enhanced stock market collaboration, and cutting-edge technological advancements in digital finance.
